Giesecke & Devrient Expands Production Facilities

Giesecke & Devrient (G&D) mobile security solutions is expanding their production plant. This expansion is the second in three years and will allow the production facility to support the growing needs of the payment, transit and identification markets, which G&D serves in the U.S. The facility expansion furthers G&D’s innovation strategy, providing the added capability to manufacture and personalize microprocessor smart cards to support the migration to EMV technology from traditional magnetic stripe cards. The new capabilities allow G&D to also offer the full service portfolio of personalization, including EMV data generation, PIN printing, inline carrier printing and fulfillment, and Online Services. G&D has been printing and manufacturing plastic cards from this facility since 1987, following their acquisition of Cardtech, Inc. in the mid-nineties.

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VeriFone Posts 3Q/12 Net Income Up 53% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] VeriFone Systems secure electronic payment solutions announced 3Q/12 net income per diluted share of $0.75 for a 53% year-over-year increase from the year ago figure of $0.49. Non-GAAP net revenues for Q3 FY12 were $493 million, compared to $479 million in the previous quarter and $317 million for Q3 FY11, a…

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Neiman Marcus and Visa Launch Mobile Messaging Platform

Neiman Marcus partnered Visa to test a new Neiman Marcus mobile offers “nmbuzz” program to connect fashion-minded shoppers to real-time offers. To deliver offers, up-to-the-minute fashion news from Neiman Marcus experts, and insider updates on sneak previews and designer appearances directly to the mobile phones of Neiman Marcus customers who enroll their eligible Visa account in nmbuzz, the “nmbuzz” solution lets customers enroll with their eligible Visa account and mobile phone number. Then shoppers simply use that Visa account as they normally would.

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CSR To Demonstrate Compliance Programs at PCI SSC Meeting

CSR data compliance solutions is set to share the “PCI ToolKit” Mobile Merchant Module and the addition of the P2PE-HW Self-Assessment Questionnaire (SAQ) at the 6th annual PCI SSC North American Community Meeting at the Walt Disney World Swan and Dolphin Resort. CSR invites attendees to meet at Booth #212 in the Vendor Showcase where CIPP privacy professionals, certified by the International Association of Privacy Professionals, will address the needs of acquirers and merchant service providers to find new ways to increase revenues while preserving the integrity of their portfolios.

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FIS Sees 150% Growth in mClients

FIS banking and payments technology announced its client base for mobile has increased more than 150% since the year ago period thanks to recent launches of solutions for tablets, mobile wallet and business mobile. FIS also said that adoption by bank users or consumers of its mobile offerings has climbed more than 200% year-over-year. Bank customers have enjoyed the convenience of using their smartphone cameras for check deposits, reflected in the more than $1 billion in deposits made with FIS’ client institutions since those clients made mobile banking services available to their customers.

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Acculynk Acquires PayLeap, Forges New Division

Acculynk has acquired PayLeap e-commerce payment gateway platform and merchant services ISO to form Acculynk “Direct.” Providing an acquirer with the ability to offer Internet PIN debit to small and mid-market merchants, Acculynk Direct will provide full service payment processing and payment gateway solutions to small and mid-size merchants, and a full affiliate program to partners and resellers. Additionally, Acculynk Direct plans to provide a full suite of developer-oriented tools to provide simple integration of the service into mobile merchant applications and e-commerce sites. PayLeap brings to the table fraud management tools, tokenized cardholder data vault, hosted payments page, online secure checkout, recurring payments, and a co-branded virtual terminal.

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EMVCo and NFC Forum Synchronise Contactless Standards

EMVCo and the NFC Forum will optimise the development and testing process of NFC mobile devices for vendors, aligning specifications and cross-recognition. This will offer benefits to stakeholders involved in EMV-related NFC use cases and products in the contactless payments industry by reducing product time-to-market and decreasing certification costs. Activity will focus on Level 1 functionality, which covers contactless communication protocol. Initial efforts will centre on outlining the scope of work and the specifications to be covered. These efforts will be followed by a gap analysis to identify and examine specification differences, agree on specification updates where necessary and how agreed amendments will be collectively managed.

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Invapay Implements Earthport Remittance

Invapay payment aggregator selected Earthport cross-border payments service provider to deliver a fully automated cross-border international payments service. With this, Invapay will leverage Earthport’s payment platform to provide an end-to-end solution that enables a ‘one-stop shop’ for international supplier payments offering greater efficiencies and cost savings. Invapay is a regulated provider of procurement and electronic payment services connecting corporate buyers and vendors worldwide to settle cross-border payments without having to develop individual relationships with overseas banks. With Earthport’s international reach and payment automation capabilities Invapay can now provide an end-to-end automated procure-and-pay solution.

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Virtual Piggy Sees Growth in-Step With Payments Industry

Virtual Piggy’s safe e-commerce solution for youth under 18 is attractively positioned to benefit from increasing interest in payment platforms. This is as E-commerce continues to see a healthy level of growth, particularly with increasing innovations in mobile payments and growth in mobile-commerce projected to be $10 billion (Internet Retailer). It also due in part to parents having initiated lawsuits against industry leaders, such as Apple and Facebook, contesting payment transactions entered into by children, exposing potential liabilities in delivering products and services to children. Virtual Piggy- rather than displace existing payment systems- enhances many current commerce platforms to leverage an attractive Under 18 segment and should therefore see quick adoption.

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MasterCard Licenses Branded Cards Internationally

MasterCard Worldwide issued a license to a Myanmar bank, paving the way for branded cards to be issued and accepted in the country for the first time, following a historic agreement signed this month. The license agreement with Myanmar’s Co-Operative Bank Limited will see the issuing of MasterCard branded cards and the acceptance of MasterCard/ Maestro/ Cirrus cards by ATMs within the country. The agreement also enables merchants in Myanmar to accept MasterCard payment cards, giving them access to commerce and the ability to participate in the open, global payments system that MasterCard enables. Merchants will also benefit from being part of a network of thousands of issuing and acquiring financial institutions and their suppliers and partners.

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ANZ Banking App Now on Android

ANZ announced its “ANZ goMoney” banking app is now available on Android. The mobile bank app allows users to securely transfer money between friends and businesses using mobile phone details. The busiest times for “ANZ goMoney” are from 5-7pm on weekdays suggesting the commute home and ‘just after work’ hours are popular for completing online transactions while women are also five times more likely than men to transfer money using Pay to Mobile for food. Men are five times more likely to use the app to pay for entertainment.

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Sacombank Partners CyberSource e-Commerce

CyberSource eCommerce payment management service from Visa partnered Sacombank to provide payment and fraud prevention solutions for its merchant customers. This allows Sacombank to extend its service portfolio by enabling its merchant customers to adopt eCommerce best practices and market-leading technology. For CyberSource, the deal follows several recent agreements to provide transaction and fraud prevention solutions to businesses in the region. At the end of 2010, there were 26.8 million internet users in Vietnam, of whom 42% were online shoppers.

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